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                                                                    EXHIBIT 23.1

                         INDEPENDENT AUDITORS' CONSENT

        We consent to the incorporation by reference in this Registration
Statement of Vornado Realty Trust on Form S-8 of our report dated March 12,
1997, appearing in the Annual Report on Form 10-K of Vornado Realty Trust for
the year ended December 31, 1996.


DELOITTE & TOUCHE LLP

Parsippany, New Jersey
June 11, 1997